A lot of people are seeing a bullish wedge on the daily and are going long on the breakout. I think that's a very real possibility. However I think price could likely fall back to create a double bottom reversal pattern first, before breaking out perhaps at the latter part of the week.
UPDATE: I think there's too much bullish pressure to complete this scenario. I will be staying out of EU till I know for sure.
UPDATE #2: Going short SL 50, TP 200.
UPDATE #3: Trade closed for +3.5 pips. I'm going to focus on a pair that I'm more confident about. Will see how EU progresses and may jump back in later, but at the moment, I'm not feeling this one.
UPDATE: I think there's too much bullish pressure to complete this scenario. I will be staying out of EU till I know for sure.
UPDATE #2: Going short SL 50, TP 200.
UPDATE #3: Trade closed for +3.5 pips. I'm going to focus on a pair that I'm more confident about. Will see how EU progresses and may jump back in later, but at the moment, I'm not feeling this one.